Suburb Profile Report for Kent Town SA (5067)

Kent Town Unit: Median price $514,000, Annual capital growth 5.03%, Number of sales 13, Weekly median advertised rent $315

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

Over the last year, property investments in Kent Town, 5067 have given investors a capital gain of -11.76%. This compares very badly with the 4.30% for SA as a whole.

If we look at median property appreciation over just the last three months, Kent Town has given property investors a paper return of -2.10%. This puts Suburb as 123 on a list of fastest fasting appreciating suburbs in SA

Vendor discounting in Kent Town is giving property investors an average Vendor Discount of around -5.34%. This puts suburb at number 103th in SA when ranking the most discounted suburbs.

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

A $315 per week rent on the median house gives suburb investors a gross yield of circa 3.19%, without taking into account capital value appreciation, which has been averaging out at 5.03%.

YIP MAG Information supplied by:

YIP MAG
July 2015

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The last 12 months have seen the rental market tighten significantly in Adelaide’s Kent Town.Full summary The last 12 months have seen the rental market tighten significantly in Adelaide’s Kent Town.

Figures from Real Estate Investar put the suburb’s current vacancy rate at 2.22%, down from the 4.08% recorded this time last year.

Only 2.6km east of the Adelaide CBD, there are some obvious reasons why Kent Town is proving popular with tenants.

Besides offering easy access to central Adelaide, Kent Town is also home to one of Adelaide’s most prestigious schools, Prince Alfred College, while St Peter’s College and the University of Adelaide are also nearby.

There are no rail connections in Kent Town, but the suburb is well serviced by bus routes and the nearby A21 highway offers easy access for commuters.

Kent Town also backs on to Rymill Park.

While the current median unit price of $552,500 in Kent Town is respectable, it has fallen by 12% in the past year.Close
HOUSE UNIT
N/A $514,000
N/A -2.10%
N/A -11.76%
N/A 5.03%
N/A $315
N/A 13
N/A 3.19%
N/A 45.33

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 1199
Median household income ($/weekly) 1036
Median age of persons 31
Median housing loan repayment ($/monthly) 1900
Average household size 1.8
  • Census Count Percent(%)
    15-19 years 151 12.6
    20-24 years 157 13.1
    25-34 years 284 23.7
    35-44 years 145 12.1
    45-54 years 131 10.9
    Others 331 27.6
    Age Group
    Census Count Percent(%)
    Not Married 511 59.8
    Registered Married 232 27.1
    Defacto Relationship 112 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 720 64.7
    Croatia 54 4.9
    Malta 47 4.2
    United Kingdom 64 5.8
    Other 65 5.8
    Others 162 14.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 47 4.4
    Christianity 540 50.8
    Hinduism 22 2.1
    Islam 41 3.9
    No Religion 401 37.7
    Others 13 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 54 10.9
    $400-$599 57 11.5
    $1,000-$1,249 45 9.1
    $1,500-$1,999 46 9.3
    $2,500-$2,999 54 10.9
    Others 238 48.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 418 39.5
    Employed, worked full-time 361 34.1
    Employed, worked part-time 204 19.3
    Employed, away from work 39 3.7
    Unemployed, looking for work 36 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 78 13.0
    Professionals 215 35.7
    Community & personal service workers 67 11.1
    Clerical & administrative workers 72 12.0
    Sales 60 10.0
    Others 110 18.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 29 7.8
    Secondary 124 33.2
    Technical or Further Educational Institution 25 6.7
    University or other Tertiary Institutions 179 47.9
    Other type of educational institution 11 2.9
    Others 6 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 399 42.7
    Semi-detached, row or terrace house, townhouse 381 40.8
    Separate house 145 15.5
    House or flat attached to a shop, office 9 1.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 330 62.5
    Being purchased 94 17.8
    Fully owned 91 17.2
    Other tenure type 13 2.5
    Tenure Type
Census 2011, ABS
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